2021 National Multifamily Investment Forecast

Trends Preceding the Health Crisis Accelerated by the Quarantine Experience and Adoption of Remote Work

February, 2021

 

COVID-19 changed the world in early 2020 as efforts to curb the spread of the pandemic had a dramatic impact. Stay-at-home orders, the need to physically distance, and having to abide by health and safety protocols had harsh effects on many real estate sectors. Employers laying off workers and sending staff home to work remotely contributed to an acceleration of demographic changes that were already underway. Economic uncertainty led many households to search for lower-cost housing, while the need to work from home and attend school online generated demand for larger spaces. Commute times became less of a factor in housing decisions, pushing residential and apartment demand away from dense urban cores that are more reliant on mass transit to the benefit of suburbs as well as secondary and tertiary markets.

Report Highlights:

  • How will changing homeownership rates impact multifamily assets?

  • How have renters’ living preferences changed?

  • Which tiers of multifamily assets will experience a heartier recovery in 2021.

  • What cities’ multifamily markets are destined for an easier 2021?

Market ReportPeter StandleyMultifamily, Performance